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#1276527 - 10/28/09 08:37 PM Dormant stock dividends
Chocaholic Offline
Gold Star
Joined: Aug 2005
Posts: 443
Northwest
Does shareholder voting for Directors on an annual basis serve as positive contact? (i.e. you do not need to escheat to state)
We do require a signature on our election forms which go out with our notice of shareholder meeting.

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#1279008 - 11/03/09 02:59 PM Re: Dormant stock dividends Chocaholic
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Are you saying that there are outstanding stock dividend checks? These are one time payments and positive contact normally does not come into play for these types of transactions as it is not an on-going account. They would most likely be treated like any other official check.
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#1413732 - 07/09/10 11:24 PM Re: Dormant stock dividends rlcarey
West Coast Comp Offline
Gold Star
West Coast Comp
Joined: Jun 2010
Posts: 350
Lost in the rain.
I would contact the state, they historically are very helpfull in determining if/when to escheat funds.
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